He is one of 53 new fellows selected by the association in honor of their outstanding professional contributions to and leadership in the field of statistical science.

Aït-Sahalia has been a faculty member at Princeton since 1998. He is a fellow of the Institute of Mathematical Statistics and the Econometric Society as well as a research associate with the National Bureau of Economic Research.

The American Statistical Association, a scientific and educational society founded in Boston in 1839, is the second-oldest continuously operating professional society in the United States. It has 18,000 members serving in academia, government and industry.